MELVILLE, N.Y.--(EON: Enhanced Online News)--New York’s Liberty Health Advantage is the sole New York City metro area recipient of the 2014 Senior Choice Gold Award for its Preferred Choice Medicare Advantage plan. The award announcement was made by HealthMetrix Research Inc. based on in depth research conducted in over 100 cities during October 2013. The research and selection process is based on the 2014 estimated cost-sharing comparisons, and the resulting cost-sharing effectiveness and value in the design of various medical and Part D prescription drug benefits for Medicare beneficiaries.
“Liberty Health Advantage has demonstrated a commitment to delivering maximum value in the design of their plan benefits, copayments, deductibles, and premiums and informed beneficiaries can rely on this award as an indication of overall high value and quality.”
The Liberty Health Advantage Preferred Choice Medicare Advantage plan is one of just 40 Medicare plans nationally – and the only plan in the New York City metro area – to be recognized with the Senior Choice Gold Award.
"This award addresses the concerns that beneficiaries may have with both Medicare plan performance and the out-of-pocket costs incurred after they enroll,” said Alan Mittermaier, president of HealthMetrix Research and MedicareNewsWatch.com. “Liberty Health Advantage has demonstrated a commitment to delivering maximum value in the design of their plan benefits, copayments, deductibles, and premiums and informed beneficiaries can rely on this award as an indication of overall high value and quality.”
The annual comparisons estimate the out-of-pocket costs for beneficiaries based on health status categories (healthy/episodic/chronic) and corresponding utilization of the most common plan benefits (physician office visits, emergency or urgent care, hospital care, prevention care, prescriptions).
“Healthcare costs are a major concern to seniors today,” said Kevin M. Grace, President and CEO of Liberty Health Advantage. “With decreasing Medicare reimbursement and much uncertainty ahead in the field of healthcare, the baby boomer population is worried – and in many cases, struggling to make ends meet on fixed or limited incomes. By providing a well-managed, cost effective Medicare Advantage benefit plan that has notably lower out-of-pocket expenses, we can help our parents and grandparents to live healthier and with less stress.”
Liberty Health Advantage provides Medicare Advantage Plans to Medicare eligible individuals with Medicare Part A and B coverage and who live in the five boroughs of New York City (Bronx, Kings, New York, Queens, Richmond), and Nassau County. The Liberty Health Advantage plans provide Medicare Beneficiaries with all original Medicare benefits, including Part D prescription drug plus additional benefits not covered by Medicare.
HealthMetrix Research Inc. is a respected national independent managed care research firm that has provided independent information to a national audience of managed care organizations and consumers since 1996. The CostShare Report is recognized as the most independent analysis of Medicare plan cost-sharing available.
For additional information about the data used to determine the 2014 Senior Choice Gold Award winners please visit www.MedicareNewsWatch.com. For information about the award-winning Liberty Health Advantage Preferred Choice Medicare Advantage plan, call 1 (855) 439-1660 or visit http://www.libertyhealthadvantage.com.